ADO Properties S.A.

Nachricht vom 05.07.2019 | 14:24

Portfolio value continues strong growth in the first half of 2019

DGAP-News: ADO Properties S.A. / Key word(s): Real Estate

05.07.2019 / 14:24
The issuer is solely responsible for the content of this announcement.

Portfolio value continues strong growth in the first half of 2019
ADO has received a preliminary value indication from CBRE, its independent real estate appraiser, according to which the value of its real estate portfolio to the end of Q2 2019 amounts to approximately 4.3 billion Euro. This reflects an increase of approximately 260 million Euro compared to the last external valuation in Q4 2018.

About ADO Properties
ADO Properties is a company that focuses on the residential real estate sector and owns a property portfolio of around 24,000 units in Berlin. The company operates an entirely integrated, scalable in-house platform that includes a dedicated property administration. The portfolio of ADO Properties is concentrated in central locations inside Berlin's S-Bahn-Circle and in attractive districts on the city's periphery

Contact:
Nicole Müller, Legal Counsel

05.07.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.